PRIVACY POLICY

Last Updated: January 15, 2018

This Privacy Policy explains how information is collected, used and disclosed by Bitrent project – Bitrent LP (hereinafter – " Bitrent", "we", or "us "), before using the Website “https://bitrent.io/” or any services or products made available through this Website (collectively, the “ Services”), or when you otherwise interact with us. Our Services include the Website and/or any services or products made available through the Website that will issue its internal tokens called RNTB tokens (hereinafter – “RNTB Tokens” or “ RNTB”) which will be used as the only payment tool accepted inside the Bitrent Ecosystem (hereinafter – the “ Platform”). For details about the information We may collect about you or your device, please read further. PLEASE NOTE THAT, YOU CANNOT USE THE PLATFORM UNTIL YOU WILL GIVE YOUR EXPLICIT CONSENT WITH THE PROVISION OF THIS AGREEMENT BY TECHNICALLY SIGNING IT.

  1. DEFINITIONS

Personally identifiable information (hereinafter – “personal information” or “ information”) is any information that can be directly associated with a specific person and can be used to identify that person. This information you actively provide to us.

Buyer, User, you – anyone who uses or planning to use the Services or the Platform. Where You is any person, who uses the Platform or its Services, without prior registration and authorization. User is any person, who uses the Platform or its Services, with prior registration and authorization. Buyer is any person, who uses the Platform or its Services, to purchase RNTB.

  1. COLLECTION OF INFORMATION

We may collect information you provide directly to us. For example, we collect information you provide when you subscribe to our updates, authorize or register to our Website, respond to a survey, fill out any form, request customer support or communicate with us. The types of information we may collect include your ETH-address or other similar address, IP address, email address, browser type, pages accessed on our website, date and time the website was accessed, survey responses and any other information you choose to provide. We also may collect information about a user’s computer or other access devices for fraud prevention purposes.

If you use the Platform, Bitrent or our third-party service providers may collect your payment method information for use in connection with your payments.

Bitrent does not process any sensitive personal information, such as religion, race, ethnicity and/or political views.

Information We Collect Automatically

When you use our Services, we automatically collect information from your devices. For

example, we may collect:

Our use of cookies and other technologies may allow us and third parties to collect information about your browsing activities over time and across different websites following your use of our Services.

Information We Collect from Other Sources

To provide you with the best Services possible, we also use third party service providers, which we entrust storing data, its collection and analysis. We believe that all third party service providers are important to our effective operation. They have their own privacy policies and their own conditions, whether to collect your data or opt-out from it. Thus, we do recommend You to review the terms of third party service providers, if You use other services on our Platform. We will not seek any of your Personal Information through any other software platforms, data web resources etc., even if this information is necessary for You or your usage of the Platform.

Why we collect personal information

Our primary purpose for collecting personal information is to provide you with a secure, smooth, efficient, and customized experience. In particular, we may use your personal information to:

  1. USE OF INFORMATION

We collect and use your personal information to operate our Services and deliver the Services you have requested. We only store your information for no longer than is required for the purposes for which the information may be used. In addition, we have the right to compile your personal information, as well as remove it from the Platform.

We may use information about you for various purposes, including to:

  1. SHARING INFORMATION

We may share your personal information with:

We may also share aggregated or de-identified information, which cannot reasonably be used to identify you.

  1. AML/KYC POLICY

Bitrent is committed to implementing and maintaining the highest standards of Know Your Customer (KYC) and Anti Money Laundering (AML) compliance and requires management and employees to adhere to these standards to prevent abuse of Bitrent Services for money laundering and terrorist financing purposes.

In pursuing its commitment to assist in the detection, prevention, and reporting of money laundering activities, Bitrent shall:

  1. implement a risk based approach to assessing and implementing AML and KYC procedures.

  1. know its customers by obtaining satisfactory evidence of their identity and having effective procedures to verify the authenticity of the information furnished by new customers.

  1. ensure that its business is conducted in conformity with high ethical standards, that laws and regulations are adhered to, and that service is not provided where there is good reason to believe that transactions are associated with money laundering activities.

  1. cooperate fully with law enforcement agencies by, among others, taking appropriate measures allowed by law if there are reasonable grounds for suspecting money laundering.

  2. adopt policies consistent with the principles set out in this policy, and ensure that its staff, wherever located, are informed of these policies and adequately trained in matters covered herein.

  1. implement specific procedures for customer identification, record keeping and retention of transaction documents and reporting of covered and suspicious transactions.

To prevent abuse of Bitrent Services for money laundering and terrorist financing purposes We reserve the right to request the documents and the following information:

  1. CORRECT/UPDATE/REMOVE INFORMATION

You have right to access to your personal information and to require the correction, updating or deletion of incorrect or/and inaccurate data by contacting us, please email us at [email protected] .

Nevertheless, this request must comply with Terms of Service and other legal obligations that may arise. Upon the accepted request, we will provide you with the personal information that we collect and store about you and general disclosure of your personal information. To disable your account and remove your personal information completely, please email us at [email protected] with a request that complies with RNTB Terms of Service.

  1. RETAIN INFORMATION

In accordance with applicable laws and as needed to provide services to our Users, we may hold your personal information. This requirement is conditioned by the need of complying with legal obligations and resolving possible disputes. We may retain your personal information so long as your account is active. Moreover, your information may be hold beyond the abovementioned period till it is indispensable for us to have relevant information to respond to any issues that may arise later.

  1. MARKETING

We do not sell, rent or lease your personal information and/or customer lists to third parties without your explicit consent. We may combine your information with information we collect from other sources and use it to improve and personalize the Bitrent Services, content, and advertising.

  1. ANALYTICS SERVICES PROVIDED BY OTHERS

We may allow others to provide analytics services on our behalf in connection with our Services. These entities may use cookies and other technologies to collect information about your use of the Services and other websites and apps (if any), including your IP address, web browser, pages views, app performance, time spent on pages and links clicked. This information may be used by Bitrent and others to, among other things, analyze and track data, determine the popularity of certain content and better understand your online activity.

  1. SECURITY

We use relevant electronic and procedural safeguards to protect the privacy of the information you provide to Company from loss, misuse, disclosure, alteration and destruction. Please note that transmission of data or information (including communications by e-mail) over the Internet or other publicly accessible networks is not one hundred percent secure. Please note, that we are not liable for the security of any data you are transmitting over the Internet, or third party content as well as for any of your losses associated with such transmission.

All RNTB operations on the Platform, including but not limited to those between user accounts, are written into Blockchain register with compulsory and automated hash entry into the chain of blocks. Blockchain security is provided by data records of all RNTB movements from one account to another, with the obligatory and automatic hash recording into the Blockchain. The flow-of-funds record is open to the public. However, the registry information is unchangeable and anonymous.

  1. NOTICE TO PARENTS

Parents or guardians: We want to help You guard your children’s privacy. We encourage You to talk to your children about safe and responsible use of their and your personal information while using Internet. Company’s web-resources and web-resources of our affiliates, licensees, agents etc. in the part they use under our license or assignment does not publish any data that is targeted to children. So, that We advise you to refrain your children from using web- resources, mentioned in this paragraph and ask them not to use them. However, we ask you to pay attention that all and any actions taken under your registration data in the Company’s web-resources and web-resources of our Licensees, Agents etc. shall be considered to be taken by you namely.

  1. CHANGES TO THIS POLICY

We may amend this policy at any time by posting a revised version on our Website. The revised version will be effective at the time we post it. In addition, if the revised version includes any substantial changes to the manner in which your personal information will be processed, we will provide you with prior notice by posting notification of the change on the “Privacy Policy” area of our website or any Services made available through our Website. We encourage you to periodically check this page for the latest information on our privacy policy.

  1. CONTACT

If you have questions concerning this Privacy Policy, or you notice any bugs, errors or violations, please feel free to send us an email at [email protected] .